Indian aviation industry
is experiencing robust growth of air passenger traffic domestically. In the
month of February 2016, number of air passengers increased by 24.27% year on
year to 74.76 Lakhs. While total number of passengers carried during 2016 were
up by 23.41% y-o-y to 151.31 Lakhs. Lower aviation fuel prices resulting into
cheaper air fares coupled with expanding air connectivity is driving passenger
traffic growth in India. The decision by the government to revive 160 idle airports in smaller cities
in coming years by starting passenger air service in near future could
act as next growth driver for the industry.
India’s largest Low Cost Airline (LCC), Indigo continues to dominate with 36.8% market share. Indigo carried 27.54 Lakhs passengers during February 2016. While Jet Airways (Jet +Jet Lite) 15.79 Lakhs passenger to capture 21.1% share. State owned carrier Air India is at third place with 15.4% share carrying 11.54 Lakh air travelers. Top 5 airlines accounts for 94.4% of total market share in Indian aviation sector.
In terms of Passenger Load Factor (PLF), another LCC SpiceJet leads with 92.3% followed by Air Costa (87.1%), GoAir (86.4%), Indigo (86.0%) and Air Asia (85.5%). Efficient route management coupled with attractive fares are helping aviation industry to maintain healthy PLF.
Source: DGCA
India’s largest Low Cost Airline (LCC), Indigo continues to dominate with 36.8% market share. Indigo carried 27.54 Lakhs passengers during February 2016. While Jet Airways (Jet +Jet Lite) 15.79 Lakhs passenger to capture 21.1% share. State owned carrier Air India is at third place with 15.4% share carrying 11.54 Lakh air travelers. Top 5 airlines accounts for 94.4% of total market share in Indian aviation sector.
In terms of Passenger Load Factor (PLF), another LCC SpiceJet leads with 92.3% followed by Air Costa (87.1%), GoAir (86.4%), Indigo (86.0%) and Air Asia (85.5%). Efficient route management coupled with attractive fares are helping aviation industry to maintain healthy PLF.
On Time
Performance (OTP) is one of important factor for passengers deciding about
which airline to fly. Vistara is the most punctual with 90.7% OTP followed by
Indigo (82.9%) and Jet Airways (82.2%). About 2/3rd delays are
Reactionary in nature during February 2016.
Cancellation
rates during February 2016 stood at 0.7% which is reasonably low. All the major
airlines fared well while Air Asia had zero cancellations.
You may also like to read Top 10 Busiest International Airports in IndiaSource: DGCA